Vodafone Group Public Limited Company (VOD) Financial Ratios
30 years of historical data (1997–2026) · Communication Services · Telecommunications Services
EV/EBITDA
↓
4.47
↓-19% vs avg
5yr avg: 5.53
30Y Low3.6·High63.9
P/FCF
↑
3.27
+6% vs avg
5yr avg: 3.10
30Y Low2.2·High76.5
P/B Ratio
↑
0.54
+5% vs avg
5yr avg: 0.51
30Y Low0.2·High100.5
ROE
↓
-0.7%
↑-123% vs avg
5yr avg: 3.1%
30Y Low-22%·High97%
Debt/EBITDA
↓
3.28
↓-21% vs avg
5yr avg: 4.14
30Y Low1.0·High9.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
VOD Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Vodafone Group Public Limited Company currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 3.3x P/FCF, 6% above the 5-year average of 3.1x.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $31.9B | $36.1B | $24.6B | $24.2B | $30.7B | $40.8B | $45.2B | $33.8B | $50.2B | $77.5B | $73.9B |
| Enterprise Value | $81.4B | $79.8B | $70.1B | $76.5B | $90.1B | $110.4B | $106.2B | $89.9B | $89.5B | $116.1B | $111.7B |
| P/E Ratio → | -76.09 | — | — | 21.19 | 2.57 | 21.58 | 921.50 | — | — | 17.39 | — |
| P/S Ratio | 0.69 | 0.89 | 0.66 | 0.66 | 0.81 | 1.10 | 1.03 | 0.74 | 1.12 | 1.66 | 1.55 |
| P/B Ratio | 0.54 | 0.66 | 0.42 | 0.40 | 0.44 | 0.64 | 0.78 | 0.54 | 0.79 | 1.13 | 1.00 |
| P/FCF | 3.27 | 4.21 | 2.83 | 2.49 | 2.34 | 3.64 | 5.69 | 3.64 | 13.34 | 20.62 | 9.31 |
| P/OCF | 2.08 | 2.68 | 1.60 | 1.46 | 1.70 | 2.26 | 2.63 | 1.94 | 3.87 | 5.70 | 5.20 |
P/E links to full P/E history page with 30-year chart
VOD EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Vodafone Group Public Limited Company's enterprise value stands at 4.5x EBITDA, 19% below its 5-year average of 5.5x. The Communication Services sector median is 9.7x, placing the stock at a 54% discount on an enterprise-value basis.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.96 | 1.87 | 2.08 | 2.39 | 2.98 | 2.42 | 1.96 | 1.99 | 2.49 | 2.34 |
| EV / EBITDA | 4.47 | 4.97 | 6.74 | 5.43 | 3.65 | 6.83 | 5.52 | 4.65 | 6.25 | 7.62 | 7.86 |
| EV / EBIT | 20.46 | 22.74 | 86.51 | 17.51 | 5.80 | 17.15 | 15.38 | 14.51 | — | 22.85 | 24.81 |
| EV / FCF | — | 9.30 | 8.08 | 7.89 | 6.88 | 9.85 | 13.35 | 9.67 | 23.79 | 30.88 | 14.07 |
VOD Profitability
Margins and return-on-capital ratios measuring operating efficiency
Vodafone Group Public Limited Company earns an operating margin of 8.6%, above the Communication Services sector average of 1.5%. Operating margins have compressed from 10.0% to 8.6% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -0.7% indicates the company is currently destroying shareholder equity. ROIC of 2.6% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 31.5% | 31.5% | 33.4% | 33.4% | 35.3% | 35.3% | 31.3% | 26.9% | 26.2% | 29.6% | 27.4% |
| Operating Margin | 8.6% | 8.6% | -1.1% | 10.0% | 38.4% | 15.5% | 11.7% | 10.5% | 9.4% | 10.4% | 6.5% |
| Net Profit Margin | -1.0% | -1.0% | -11.1% | 3.1% | 31.4% | 6.0% | 0.1% | -2.0% | -10.5% | 9.5% | -4.6% |
Return on Capital
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -0.7% | -0.7% | -7.0% | 1.7% | 17.7% | 3.7% | 0.1% | -1.5% | -7.2% | 6.2% | -2.8% |
| ROA | -0.3% | -0.3% | -2.9% | 0.7% | 7.0% | 1.4% | 0.0% | -0.6% | -3.3% | 2.9% | -1.4% |
| ROIC | 2.6% | 2.6% | -0.3% | 2.3% | 8.3% | 3.4% | 3.2% | 3.3% | 3.0% | 3.3% | 2.0% |
| ROCE | 3.2% | 3.2% | -0.4% | 3.0% | 10.9% | 4.4% | 3.9% | 3.8% | 3.8% | 4.4% | 2.6% |
VOD Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Vodafone Group Public Limited Company carries a Debt/EBITDA ratio of 3.3x, which is moderately leveraged (11% below the sector average of 3.7x). Net debt stands at $43.7B ($52.7B total debt minus $9.0B cash). Interest coverage of just 1.5x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.97 | 0.97 | 0.99 | 0.96 | 1.03 | 1.23 | 1.16 | 1.11 | 0.83 | 0.63 | 0.63 |
| Debt / EBITDA | 3.28 | 3.28 | 5.52 | 4.16 | 2.92 | 4.83 | 3.47 | 3.61 | 3.70 | 2.84 | 3.28 |
| Net Debt / Equity | — | 0.80 | 0.78 | 0.86 | 0.85 | 1.10 | 1.05 | 0.90 | 0.62 | 0.56 | 0.51 |
| Net Debt / EBITDA | 2.72 | 2.72 | 4.38 | 3.72 | 2.40 | 4.31 | 3.17 | 2.90 | 2.74 | 2.53 | 2.66 |
| Debt / FCF | — | 5.09 | 5.25 | 5.40 | 4.54 | 6.21 | 7.67 | 6.04 | 10.45 | 10.26 | 4.75 |
| Interest Coverage | 1.47 | 1.47 | 0.35 | 1.59 | 6.32 | 2.81 | 2.70 | 2.44 | -0.06 | 4.73 | 3.20 |
VOD Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.13x means Vodafone Group Public Limited Company can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.35x to 1.13x over the past 3 years.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.13 | 1.13 | 1.20 | 1.35 | 0.84 | 0.78 | 0.98 | 0.98 | 1.55 | 0.97 | 1.01 |
| Quick Ratio | 1.11 | 1.11 | 1.18 | 1.33 | 0.82 | 0.75 | 0.96 | 0.97 | 1.52 | 0.96 | 0.99 |
| Cash Ratio | 0.66 | 0.66 | 0.81 | 0.36 | 0.54 | 0.46 | 0.41 | 0.59 | 1.00 | 0.32 | 0.21 |
| Asset Turnover | — | 0.31 | 0.27 | 0.25 | 0.22 | 0.22 | 0.28 | 0.27 | 0.31 | 0.32 | 0.31 |
| Inventory Turnover | 46.79 | 46.79 | 37.40 | 43.06 | 23.45 | 25.75 | 44.51 | 56.15 | 46.52 | 56.40 | 60.03 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
VOD Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Vodafone Group Public Limited Company returns 11.1% to shareholders annually — split between a 3.8% dividend yield and 7.3% buyback yield.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.8% | 3.0% | 7.3% | 10.1% | 8.1% | 6.1% | 5.4% | 6.8% | 8.1% | 5.1% | 5.0% |
| Payout Ratio | — | — | — | 213.2% | 21.0% | 110.6% | 4113.6% | — | — | 88.9% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 4.7% | 38.9% | 4.6% | 0.1% | — | — | 5.8% | — |
| FCF Yield | 30.6% | 23.8% | 35.3% | 40.1% | 42.7% | 27.5% | 17.6% | 27.5% | 7.5% | 4.9% | 10.7% |
| Buyback Yield | 7.3% | 5.7% | 7.6% | 0.0% | 6.1% | 5.1% | 0.1% | 2.4% | 0.9% | 2.3% | 0.0% |
| Total Shareholder Yield | 11.1% | 8.7% | 14.9% | 10.1% | 14.2% | 11.2% | 5.5% | 9.2% | 9.0% | 7.3% | 5.0% |
| Shares Outstanding | — | $2.4B | $2.6B | $2.7B | $2.8B | $2.5B | $2.5B | $2.5B | $2.8B | $2.8B | $2.8B |
Peer Comparison
Compare VOD with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 VODYou | $32B | -76.1 | 4.5 | 3.3 | 31.5% | 8.6% | -0.7% | 2.6% | 3.3 |
 T | $156B | 7.4 | 6.9 | 8.0 | 79.8% | 19.2% | 17.6% | 6.7% | 3.9 |
 VZ | $191B | 11.3 | 7.8 | 9.5 | 45.6% | 21.2% | 16.6% | 8.0% | 4.2 |
 TMUS | $196B | 18.6 | 9.7 | 18.9 | 47.6% | 21.2% | 18.2% | 8.1% | 3.8 |
 BCE | $22B | 4.9 | 6.7 | 9.4 | 68.4% | 22.2% | 31.8% | 6.9% | 3.9 |
 TU | $18B | 22.2 | 8.4 | 10.6 | 33.8% | 11.5% | 6.7% | 3.9% | 4.9 |
 TEF | $24B | -65.1 | 5.2 | 4.0 | 69.6% | 5.8% | -0.2% | 2.9% | 4.0 |
 LILA | $2B | -2.2 | 6.9 | 6.4 | 67.5% | 16.2% | -45.5% | 5.6% | 5.7 |
 ATUS | $539M | -8.6 | 7.7 | 3.6 | — | -1.3% | — | -0.8% | 0.2 |
 CHTR | $17B | 3.6 | 5.1 | 3.8 | 46.3% | 24.3% | 24.8% | 8.6% | 4.4 |
 CMCSA | $82B | 4.2 | 5.0 | 3.8 | 60.1% | 16.7% | 21.6% | 8.2% | 3.0 |
| Communication Services Median | — | 14.9 | 9.7 | 10.9 | 48.8% | 1.5% | 1.5% | 2.6% | 3.7 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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VOD — Frequently Asked Questions
Quick answers to the most common questions about buying VOD stock.
What is Vodafone Group Public Limited Company's P/E ratio?
Vodafone Group Public Limited Company's current P/E ratio is -76.1x. The historical average is 44.1x.
What is Vodafone Group Public Limited Company's EV/EBITDA?
Vodafone Group Public Limited Company's current EV/EBITDA is 4.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.5x.
What is Vodafone Group Public Limited Company's ROE?
Vodafone Group Public Limited Company's return on equity (ROE) is -0.7%. The historical average is 7.6%.
Is VOD stock overvalued?
Based on historical data, Vodafone Group Public Limited Company is trading at a P/E of -76.1x. Compare with industry peers and growth rates for a complete picture.
What is Vodafone Group Public Limited Company's dividend yield?
Vodafone Group Public Limited Company's current dividend yield is 3.76%.
What are Vodafone Group Public Limited Company's profit margins?
Vodafone Group Public Limited Company has 31.5% gross margin and 8.6% operating margin.
How much debt does Vodafone Group Public Limited Company have?
Vodafone Group Public Limited Company's Debt/EBITDA ratio is 3.3x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.